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AOL Inc. Message Board

mrmikeatthebeach52 3 posts  |  Last Activity: Nov 8, 2014 5:44 AM Member since: Jul 21, 2005
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  • Reply to

    Just Curious

    by rpschom Nov 7, 2014 11:03 AM
    mrmikeatthebeach52 mrmikeatthebeach52 Nov 8, 2014 5:44 AM Flag

    Sir, you have plenty of company. Nothing short of fraud. Still up a little on the long term, kicking myself for adding some in the $12 range after last quarter announcement which average me down from the $2+ long positions from 2010. Traded a few shares today buying below 7.40 and selling at close. Still totally irate. Downgrades from rating agencies doom this for a long time. Do not believe that all the bad news is out and little chance of a break up or sale as no one would have any faith in what they are buying,

    Sentiment: Hold

  • mrmikeatthebeach52 by mrmikeatthebeach52 Nov 6, 2014 5:10 PM Flag

    Long term holder some shares from 2010 and the $2.10-2.30 range. Have made a few coins on GNW over the years but this recent quarter and announcement has me irate. Does anyone think that the CEO, CFO, BOD did not know this was coming and withheld the information from the shareholders. Totally dishonest and unethical, possilby criminal. Figured they would continue to draw their salaries, bonuses, and benefits for as long as possible.

    Apologises to the analysts? Totally worthless or they would dug into the numbers and warned investors. They robbed me of $20,000 today and I am a small potato. Have my LTC policy with another company and certainly would be moving it were with GNW. This falsification would make anyone wonder if you should trust them to be in business when you needed to use your policy. Damage done with the announcement will surely cause reliable agents to recommend folks young enough to get a policy move to another insurer. Detest contingency lawyers but this is a low hanging apple for them. Only hope for shareholders is a break up while something is left to buy.

    Please excuse my long letter. Strongly imagine many others feel the same. No one will ever trust management again. Need a new BOD, CEO and CFO asap.

    Sentiment: Hold

  • Reply to

    What the hell is going on Mario....

    by capitalgainmaker Oct 14, 2014 10:20 PM
    mrmikeatthebeach52 mrmikeatthebeach52 Oct 15, 2014 6:53 AM Flag

    In the same boat as you are. Mario loves to appear on CNBC and espouse his success maybe he would like to go on now and explain this fiasco.

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